: Classifieds : MyJU :
Stories: News
Browse News Stories: « Previous Story | Next Story »

Okinawa City mayor may resign as president of shopping mall

Date Posted: 1999-06-05

The president of a local shopping mall has expressed his intention to resign from the position, citing poor performances, it was announced Thursday.

Masakazu Nakasone, who is also Mayor of Okinawa City, said he would accept full responsibility and quit the position of president of Korinza shopping mall due to the large debt the store has incurred.

The decision has been met with anger by some, who feel Nakasoneís offer to resign is an irresponsible act.

Korinza mallís problems began when the store was faced with stiff opposition from large-sized stores opening in the area. This caused small- to medium-sized shops to abandon any plans to open in Korinza, resulting in a fall in expected revenues from new leases.

Korinza shop owners and tenants held a meeting on May 29 and decided for the short term to continue doing business, optimistic trading will soon pick-up.

Browse News Stories: « Previous Story | Next Story »

weather currency health and beauty restaurants Yellowpages JU Blog

OkistyleJU FacebookOkistyle

Go to advertising PDF?||?|o?L?qAE?|?}?OA?N?ga`OkiStyle?A??q?qM?oeu^?I`??N?gX?<eth>?<ETH>?ni^?IWanted!!Golden Kings ScheduleOkiNightSeeker